8, WETHERBY CLOSE, MARKET RASEN, LN8 3EG - £255,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

8 WETHERBY CLOSE is a midsized detached house of 107m², built sometime between 1983 and 1990. It was last sold for £255,000 in April 2023, which was around 5% below the average April 2023 detached price in the West Lindsey local authority area. The most recent EPC inspection was January 2023, where the current energy rating was D, and the potential energy rating was B.

8 WETHERBY CLOSE Sold Prices

Land registry data shows two sales for 8 WETHERBY CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. One of the two 8 WETHERBY CLOSE sales was for below the average price, whilst the other was for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2023 28 APR	£255,000	£268,944	5% below HPI
1995 18 DEC	£78,000	£59,196	32% above HPI

8 WETHERBY CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Lindsey local authority area over time, sourced from the HPI. The two 8 WETHERBY CLOSE sales from December 1995 and April 2023 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the December 1995 sale was for 32% above the HPI. So the extrapolation line tracks at 32% above the HPI over time, until the April 2023 sale, where it falls to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is 8 WETHERBY CLOSE?

8 WETHERBY CLOSE is 107m² according to the EPC inspection conducted in January 2023. This puts it in the largest 50% of detached houses in Market Rasen, based on EPC data. The below chart shows the distribution of detached houses by size in Market Rasen, and where 8 WETHERBY CLOSE lies on this distribution: 49% of detached houses are smaller than 8 WETHERBY CLOSE, and 50% of houses are larger. Note that EPC data is not available for all properties in Market Rasen.

8 WETHERBY CLOSE: Plot and Title Map

8 WETHERBY CLOSE sits on a plot of roughly 0.158 of an acre, or 639m². The below map shows the location of 8 WETHERBY CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 8 WETHERBY CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 8 WETHERBY CLOSE?

8 WETHERBY CLOSE is located in MARKET RASEN, in the LN8 postcode district. The below map shows the position of No. 8 on WETHERBY CLOSE.